With $3.99/share in cash, and more than 50% of portfolio invested in assets that should go UP as 10-year yields go up, what am I missing here? Sure they have some exposure to MBS values, but should be greatly offset by increases from things like ARM loans. This isn't NLY, AGNC or ARR - what gives? What have I missed here?
Oh, just hang in there...I cost avg'd the NYMT today....You just 'hold your nose', buy a lil' more & 'put it on the shelf' (or closet)...repeat as necessary...., but keep it small. I actually started a position in REM today...beaten down 'basket' of mreits...probably will go lower...a bit more...and I'll cost avg it....But I keep positions like these pretty small - most of my money is in NRF preferreds - just a nice, fixed, retirement cash flow ...with dividends reinvested.